LightSolver Receives €12.5M Award from European Innovation Council
Summary
LightSolver, a Tel Aviv, Israel-based laser-based computing company, received an initial grant of €2.5M from the EIC Fund combined with a future equity investment of €10M, totaling €12.5M. The company intends to use the funds to advance the commercialization of its platform and accelerate its growth in the high-performance computing (HPC) sector. Founded in 2020 by Dr. Ruti Ben-Shlomi and Dr. Chene Tradonsky, LightSolver develops a pure laser-based processing unit (LPU™), a computing method that wants to outperform quantum and supercomputers. It utilizes all-optical coupled lasers that require no electronics to compute, enabling it to be as small as a traditional desktop computer while offering scalability, low power requirements, and room temperature operation. Applications such as computer-assisted engineering (CAE), bio-science computations, and intractable optimization problems are amongst the workloads that can be accelerated by LightSolver’s platform.